Apparel Exports Need Fresh Lease Of Life… But How???? A Report..
Last few months have been catastrophic for apparel exports industry of India. One after the other the industry was struggling with one or the other challenge. While global competition is one aspect of the challenges within the country at the moment is being regarded as the biggest deterrent to the slow situation of the industry. Burdened with higher tariffs than their competitors, the exporters need more incentives and protection to stay afloat. India’s foreign trade policy pundits need to renegotiate tariffs on apparel exports with the EU and the US to tackle the emergent economic slowdown in the country. The apparel industry is the country’s largest low technology employer after agriculture, with 45 million workers, contributing two percent of GDP and 15 percent of export earnings.
Lectra Offering Solutions For Smart Factories & Fashion
The Conventional fashion supply chain model is too opaque, fragmented and slow to respond to diversified consumer demands, quickly enough to satisfy the customers.
Peppermint Clothing Creating Complete Range In Kidswear
Automation & Productivity Core Focus Areas Eyes Turnover of Rs 300 cr in next few years
Indian Manmade Fibre (MMF) Industry In Jeopardy: Increased Imports And Esclated Cost Affects Industry
Working out tax rates for different goods and services was a huge challenge for India’s Goods and Services Tax (GST) Council. Although the GST has taken under consideration a significant part of the industry - cotton and natural fibers, distortion has been introduced in the GST system, through the ‘inverted’ duty structure on man-made fibers. Man-made fiber and synthetic yarn attract an 18% GST rate as compared to 12% excise duty, while the fabric produced from these fibers is taxed at 5%. This creates a situation where the input is taxed at a much higher rate than the final product.
GTE Celebrating 20 Yrs Of Excellence At 2020 Edition
The Garment Technology Expo (GTE’20), one of the most trusted brands as far as exhibitions related to apparel technology is concerned is geared for its 20 years of establishments and success in the garment industry.
Implications Of GST: A Double Edged Sword
It seems that confusion related to GST will not fizzle out soon as industry players from both the apparel and textile sectors are very often seen raising their concern about GST and the confusion related to it.
Velvet Traditional Yet Influential In Fashion
On the other hand, a few people have differing opinions about velvet. “New government policies have affected the business a lot, demonetisation had already caused a huge loss and GST has simply added to those wounds. 12% GST rate solely on velvet whereas GST on other fabrics is only 5%, has closed doors for export for many like us” said one of the officials from Kedarnath Velvet. He also said that even though Velvet is trending worldwide, exports are suffering due to taxation schemes in India. Also, China is hugely competitive.
Creating Niche In Innerwear Segment-Palash Overseas
Creating Niche In Innerwear Segment-Palash Overseas
Industry Relieved As Government Clarifies Minimum Monthly Wages Not Going To Be Fixed At Rs 18,000.
After a lot of confusion and debate over the increase in minimum wages as per the new labour laws, the Government has finally given some relief to the already struggling garment industry by stating that the minimum monthly wages are not going to be fixed at Rs 18,000/-. Prior to this, The Apparel Export Promotion Council (AEPC) had urged the Indian Government to clear the confusion over minimum wages for the garment sector at the earliest, as a clarification would restore the confidence of foreign buyers.
Luxury Trinkets: The New Fashion Wave
Wallets, Key chains & Leather the new Additions in Retail Chians.
Donear Group Acquires GTBL, Grasim's PV Suiting Fabrics Business
Manufacturing Excellence It Is All About Widening Horizons
To answer this question, Team PERFECT SOURCING interacted with experienced professionals with years of experience in management, manufacturing, lean management, merchandising, sourcing, factory set up and more. Now working as consultants to many well-known apparel units, their knowledge and experience has supported many. In a face to face encounter with them Team PERFECT SOURCING brings to you the most important aspects of manufacturing and achieving excellence therein.
Indian Textile Industry Stands United Against GST Implementation On Fabric
Strikes ends After Discussions with FM; Business to Resume in Few Days.
GTE Debuts In Ahmedabad
Exhibition to begin from 18 August.
Fairs & Events
Textile Industry Positive About Growth: F&A Show Sees Good Response.
APD Exports' Geared For A New Knits Factory
The company has production units in Bangalore with 350 machines and can manufacture about 1,20,000 garments/month. The Bangalore processing factory has been working with buyers like s. Oliver, Espirit, Shopco and Kohl’s and the factories.
Textile Minister Smriti Irani Inaugurates ​​​​​​​Heimtextil India & Ambiente India
Impact of GST & Showers in Delhi Results in Warm Response.
GST Good or Bad... The Debate Continues
AEPC Chairman Ashok Rajani shared his response on GST and its impact on the Apparel Sector with Team Perfect Sourcing. Excerpts. . .
Can Robotic Automation Replace Workers In India's Apparel Sector
The art of sewing has not fundamentally changed since the first seamstress put needle and thread to fabric thousands of years ago.
Boom Clothing: Eyes Domestic Market While Execelling In Exports
Samit feels that the Indian Government, by reducing duty on cotton imports is benefiting the ‘make in India’ concept and getting buyers to deviate to India. “There are many products still unexplored in India, for example, lingerie and sportswear-which is a big market.
Tavtech India - A Youth Driven Programme For Collaborative Startups
TAVtech is an intensive 5-week Coding and Entrepreneurship Fellowship Programme started by Young and Forward Thinking Students with the aim of teaching participants hi-tech skills for social impact applications and ventures.
Fabtex 2017, Mumbai Concludes On Positive Note
In Mumbai Fabtex, a b2b exhibition where fabric and yarn manufacturers from all over India participated, closed on a positive note. The exhibition saw participation of textile majors like Reliance Industries, Aditya Birla Group, Sangam India, Banswara Syntex, Siyaram’s, Sahiba and many more. Most of the companies showcased variety of yarns, fibres, fabrics, and garments as well. A lot of companies showcased shirting fabrics and there was a good demand for specialty and value added yarns. The visitors had a fair share of garment manufacturers, exporters, traders and wholesalers which included textile players like Alok Industries, Texport Syndicate, Gokaldas exports, Pantaloons, Westside and several other companies from the textile and apparel segment.
Vijay Mathur, Additional Secy Gen, AEPC Discusses Advantages Of Investing In Jharkhand With Team Perfect Sourcing
The Raghubar Das led Government has made elaborate plans for industrialising Jharkhand, with emphasis on the garment and apparel sector which can see fast growth if these plans are implemented effectively. Vijay Mathur, Additional Secretary General at the Apparel Export Promotion Council (AEPC), explains why the eastern state could emerge as a major production hub for the garment industry in the future.
Jharkhand: An Upcoming Manufacturing Hub
Jharkhand, one of India’s newest states, was carved out of the southern portion of Bihar in 2000 with the centrally located city of Ranchi as its capital. Taking a proactive stance in attracting large scale investment for manufacturing world class facilities and realising the Prime Minister’s vision of ‘Make in India’ and ‘Zero Defect-Zero Effect’ at each level of the value chain, Jharkhand has introduced Textile, Apparel and Footwear Policy 2016. The Government of Jharkhand understands that the Textiles, Apparel and Footwear industries play an important role in the economic growth of the State. These are recognised labour intensive industries and with this vibrant policy, Jharkhand will be able to provide employment to its people, who otherwise tend to migrate to other places in search of jobs. Introduction of this new policy in Jharkhand will not only augment employment in the State, but also lead to greater skill development and capacity building.
Is Japan Still A Flourishing Market For India?
The signing of the free trade agreement between Japan and India had raised hopes of Indian exporters, particularly the garment and textile exporters, of having good business in that country; however, the weakness of the Japanese economy has affected gains that could have come out of it.
After Effects of Donald Trump Begin…
US Govt Imposes Tax on Goods Imported From Other Countries.
Andhra Pradesh Becoming Next Big Destination for Manufacturing Apparel
The Andhra Pradesh government is encouraging the textile sector in a big way and entrepreneurs should make use of the benefits being offered by the state government as well as the special package given by the Centre in the budget to set up more units, said K Srikanth Prabhakar, Joint Director in the Office of the Commissioner of Handlooms and Textiles.
Is E-Commerce Greener Than Traditional Trade?
When E-commerce is at its boom, there are many budding entrepreneurs who want to join the bandwagon. Another thing that lingers over the minds of young generation is sustainability. The question is, what is more eco-friendly and profitable at the same time- e-commerce or brick and mortar stores? People often argue that e-commerce is greener than the traditional stores. The online retailers such as Amazon claim that online shopping is more environment friendly than traditional retailing. But there have been a lot of surveys to find the truth that indicate reality is far from what Amazon claims. One cannot side line the fact that carbon footprint generated by shoppers depends on various factors such as IT infrastructure, packaging and emissions from vehicles. And the studies prove that e-commerce emits lesser greenhouse gases as compared to traditional shopping.
LIVA Launches First LAPF Studio In Noida
Studio equipped with latest technologies ensuring complete solutions for fabric sourcing.Inauguration in the presence of Ridhima Kapoor Sahni & designer.Brainchild of NAEC, President, Lalit Thukral, who shared the idea with LAPF team to have a one stop solution for all type of fabrics for fast sampling and efficient production in Noida Cluster.
Rajlakshmi Cotton Mills
Winning accolades from fibre to fashion plans sustainable factory in greater noida.